{"id":4811,"date":"2024-10-14T12:44:39","date_gmt":"2024-10-14T12:44:39","guid":{"rendered":"https:\/\/kbplegal.me\/?p=4811"},"modified":"2025-11-07T12:06:59","modified_gmt":"2025-11-07T12:06:59","slug":"compliance-update-ultimate-beneficial-owner-ubo-registration-in-montenegro","status":"publish","type":"post","link":"https:\/\/kbplegal.me\/me\/2024\/10\/14\/compliance-update-ultimate-beneficial-owner-ubo-registration-in-montenegro\/","title":{"rendered":"Compliance Update: Ultimate Beneficial Owner (UBO) Registration in Montenegro"},"content":{"rendered":"

On July 19, 2024, the Ministry of Internal Affairs introduced a new Rulebook for the registration, updating, verification, and access to information in the UBO Register. Starting July 27, 2024, entities established before the new Anti-Money Laundering and Countering the Financing of Terrorism
\n(AML\/CFT) Law (effective December 12, 2023) must comply by registering or updating their UBO details by August 26, 2024\u2014a 30-day deadline.<\/p>\n

Here’s what you need to know to comply:
\n– Utilize the online application: https:\/\/lnkd.in\/dRKGQmq7<\/a><\/strong>
\n– Ensure you have a qualified electronic signature
\n– Submit detailed data including paid-in capital, bank accounts, management, UBOs, and for entities with complex ownership structures, ownership diagrams and registry excerpts for each entity in the ownership structure.<\/p>\n

The Rulebook also introduces an automated monitoring system for the UBO Registry to maintain continuous compliance and up-to-date information. Entities failing to complete their annual update by March 31 will be automatically flagged.<\/p>\n

Non-compliance can lead to significant fines\u2014up to EUR 20,000 for the entity and up to EUR 2,000 for the authorized representative.<\/p>\n

 <\/p>","protected":false},"excerpt":{"rendered":"

On July 19, 2024, the Ministry of Internal Affairs introduced a new Rulebook for the registration, updating, verification, and access to information in the UBO Register. Starting July 27, 2024, entities established before the new Anti-Money Laundering and Countering the Financing of Terrorism (AML\/CFT) Law (effective December 12, 2023) must comply by registering or updating…<\/p>","protected":false},"author":5,"featured_media":4842,"comment_status":"closed","ping_status":"open","sticky":true,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-4811","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-posts"],"yoast_head":"\nCompliance Update: Ultimate Beneficial Owner (UBO) Registration in Montenegro - KBP Legal<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/kbplegal.me\/me\/2024\/10\/14\/compliance-update-ultimate-beneficial-owner-ubo-registration-in-montenegro\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Compliance Update: Ultimate Beneficial Owner (UBO) Registration in Montenegro - KBP Legal\" \/>\n<meta property=\"og:description\" content=\"On July 19, 2024, the Ministry of Internal Affairs introduced a new Rulebook for the registration, updating, verification, and access to information in the UBO Register. Starting July 27, 2024, entities established before the new Anti-Money Laundering and Countering the Financing of Terrorism (AML\/CFT) Law (effective December 12, 2023) must comply by registering or updating...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/kbplegal.me\/me\/2024\/10\/14\/compliance-update-ultimate-beneficial-owner-ubo-registration-in-montenegro\/\" \/>\n<meta property=\"og:site_name\" content=\"KBP Legal\" \/>\n<meta property=\"article:published_time\" content=\"2024-10-14T12:44:39+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2025-11-07T12:06:59+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/kbplegal.me\/wp-content\/uploads\/2024\/08\/Design-4.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1200\" \/>\n\t<meta property=\"og:image:height\" content=\"750\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Ivan Pejovic\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Ivan Pejovic\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/kbplegal.me\/2024\/10\/14\/compliance-update-ultimate-beneficial-owner-ubo-registration-in-montenegro\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/kbplegal.me\/2024\/10\/14\/compliance-update-ultimate-beneficial-owner-ubo-registration-in-montenegro\/\"},\"author\":{\"name\":\"Ivan Pejovic\",\"@id\":\"https:\/\/kbplegal.me\/#\/schema\/person\/1ae5d3a387e5d797d13365d610c23c6c\"},\"headline\":\"Compliance Update: Ultimate Beneficial Owner (UBO) Registration in Montenegro\",\"datePublished\":\"2024-10-14T12:44:39+00:00\",\"dateModified\":\"2025-11-07T12:06:59+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/kbplegal.me\/2024\/10\/14\/compliance-update-ultimate-beneficial-owner-ubo-registration-in-montenegro\/\"},\"wordCount\":176,\"publisher\":{\"@id\":\"https:\/\/kbplegal.me\/#organization\"},\"image\":{\"@id\":\"https:\/\/kbplegal.me\/2024\/10\/14\/compliance-update-ultimate-beneficial-owner-ubo-registration-in-montenegro\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/kbplegal.me\/wp-content\/uploads\/2024\/08\/Design-4.jpg\",\"articleSection\":[\"Posts\"],\"inLanguage\":\"me-ME\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/kbplegal.me\/2024\/10\/14\/compliance-update-ultimate-beneficial-owner-ubo-registration-in-montenegro\/\",\"url\":\"https:\/\/kbplegal.me\/2024\/10\/14\/compliance-update-ultimate-beneficial-owner-ubo-registration-in-montenegro\/\",\"name\":\"Compliance Update: Ultimate Beneficial Owner (UBO) Registration in Montenegro - 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